Petronet LNG to set-up $950 million LNG import project in Bangladesh

02 Jan 2017

Petronet LNG, the country’s largest LNG importer, has signed an agreement to set up a $950 million Liquefied Natural Gas (LNG) import project in Bangladesh. The company has inked a Memorandum of Understanding (MoU) with Petrobangla to set up a 7.5 million tonnes (MT) a year project to receive and regasify LNG on Kutubdia Island in Cox’s Bazar and lay a 26-km pipeline to connect it to the consumption markets. The project envisions future expansion and can be used to supply LNG through small barges and LNG trucks to users which are not connected by gas grid.

Petronet LNG (PLL) is engaged in sale of re-gasified liquefied natural gas (RLNG). The company is engaged in the import and re-gasification of liquefied natural gas (LNG). The company operates through the segment of natural gas business.



Related Petronet LNG Ltd. Links:

Petronet LNG Share Price

228.15 -2.05 (-0.89%) Apr 09, 18:01
1 Year Price Chart
Peers
Company Name CMP
GAIL India 138.80
Petronet LNG 228.15
Indraprastha Gas 542.40
Linde India 1827.85
Confidence Petroleum 42.85
View more..
Sensex vs Petronet LNG
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback